Are you taking AP classes? Try apfive.com
501(c)(3) Nonprofit
Financial Accounting/The Income Statement
Start Practice TestPractice Test
About Exam
easy

Consignment Sales Commission Calculation

< Prev
Next >

Joe owns a card shop and agrees to sell Seth's card collection on consignment. Joe will act as the consignee in exchange for a 15% commission on the sales price. If Joe sells a total of $240 worth of Seth's cards, how much of the proceeds should be remitted to Seth?

A

$204

B

$276

C

$168

D

$240

E

$36

Hint
Did You Know?
Explain Why
Explain All Answers
Check Answer
Show Correct Answer
Report Question

Question Leaderboard

Not enough data yet to show leaderboard.

AI Tutor

How can I help?